Torr Metals Engages ICP Securities Inc. for Automated Market Making Services
Torr Metals Engages ICP Securities Inc. for
Automated Market Making Services
Edmonton, Alberta--(Newsfile Corp. - February 23, 2026) - Torr Metals Inc. (TSXV: TMET) ("
Torr"
or the
"
Company
") is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to
provide automated market making services, including use of its proprietary algorithm, ICP Premium™,
in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable
legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the
Company and ICP was signed with a start date of February 23, 2026 and is for four (4) months (the
"Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month
called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to
the end of the Initial Term or an Additional Term, as applicable. There are no performance factors
contained in the agreement and no stock options or other compensation in connection with the
engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for
the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds
or securities for the market making activities.
Malcolm Dorsey, President and CEO, commented, "As Torr continues to expand its shareholder base
and advance to Phase 2 drilling at our Kolos Copper-Gold Project, we believe it is important to ensure
our shares trade in an orderly and efficient manner. Over the past year we have seen meaningful growth
in liquidity and investor awareness, and engaging ICP is a proactive step to help maintain stable bid-ask
spreads and consistent market depth, particularly as additional shares come free trading. This
engagement is focused on enhancing overall market quality and supporting fair price discovery in
compliance with TSX Venture Exchange policies. We view this as prudent capital markets infrastructure
as we move into our next phase of exploration."
About ICP Securities Inc.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™,
that enhances liquidity and quote health. Established in 2023, with a focus on market structure,
execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity
provision and execution services to a broad array of public issuers and institutional investors.
About Torr Metals
Torr Metals, headquartered in Edmonton, AB, is focused on unlocking new copper and gold discovery
potential within proven, highly accessible mining districts across Canada, areas with both established
infrastructure and a growing need for near-term feed. Torr's 100%-owned, district-scale assets are
strategically located for cost-effective, year-round exploration and development. The 332 km² Kolos
Copper-Gold Project, situated in southern British Columbia's prolific Quesnel Terrane, lies just 30 km
southeast of the Highland Valley Copper Mine, Canada's largest open-pit copper operation, and 40 km
south of the city of Kamloops directly along Highway 5. In northern Ontario, the 261 km² Filion Gold
Project covers a virtually unexplored greenstone belt with high-grade orogenic gold potential. It sits just
off the Trans-Canada Highway 11, approximately 42 km from Kapuskasing and 202 km by road from the
Timmins mining camp, home to world-class operations like Hollinger, McIntyre, and Dome. To learn
more, visit Torr Metals online or view company documents via SEDAR+ at
www.sedarplus.ca
.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding
the use of proceeds from the Company's recently completed financings, and the future plans or
prospects of the Company. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are
necessarily based upon a number of assumptions that, while considered reasonable by management,
are inherently subject to business, market and economic risks, uncertainties and contingencies that
may cause actual results, performance or achievements to be materially different from those
expressed or implied by forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. Other factors
which could materially affect such forward-looking information are described in the risk factors in the
Company's most recent annual management's discussion and analysis which is available on the
Company's profile on SEDAR at
www.sedarplus.ca
. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/284861